PetroChina CoFRA:PC6 -2.85%74 Return-on-Tangible-Equity is 13.06% as of Mar. 2026, which is 102% above its 10-year median of 6.47. GuruFocus rates FRA:PC6 with a GF Score™ of 74/100 and a GF Value™ of €0.91 (Fairly Valued). The stock has 2 warning signs investors should review. Among 944 Oil & Gas companies, PetroChina Co ranks better than 60.81% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. PetroChina Co's annualized net income for the quarter that ended in Mar. 2026 was €24,264 Mil. PetroChina Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €185,763 Mil. Therefore, PetroChina Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.06%.
The historical rank and industry rank for PetroChina Co's Return-on-Tangible-Equity or its related term are showing as below:
FRA:PC6'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.74 Med: 6.47 Max: 12.34
Current: 10.7
During the past 13 years, PetroChina Co's highest Return-on-Tangible-Equity was 12.34%. The lowest was 0.74%. And the median was 6.47%.
FRA:PC6's Return-on-Tangible-Equity is ranked better than 60.81% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs FRA:PC6: 10.70
PetroChina Co (FRA:PC6) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
PetroChina Co Return-on-Tangible-Equity Related Terms
PetroChina Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for PetroChina Co's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:PC6 vs XOM, CVX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Integrated subindustry, PetroChina Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PetroChina Co Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PetroChina Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PetroChina Co's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.06% mean?
PetroChina Co (FRA:PC6) has a Return-on-Tangible-Equity of 13.06% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PetroChina Co and its competitors. This is 102% above median its historical median of 6.47. Over the past decade, PetroChina Co's Return-on-Tangible-Equity has ranged from 0.74 to 12.34. According to the industry distribution chart, PetroChina Co ranks #370 out of 944 companies in the Oil & Gas industry, placing it in the top 39.2%.
Is PetroChina Co's Return-on-Tangible-Equity too high?
PetroChina Co's current Return-on-Tangible-Equity of 13.06% is 102% above median its 10-year median of 6.47. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 12.34. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. PetroChina Co's value of 13.06% is 94.1% above this industry median. Based on the distribution chart, PetroChina Co ranks #370 out of 944 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, PetroChina Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PetroChina Co's Return-on-Tangible-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, PetroChina Co ranks #370 out of 944 companies for Return-on-Tangible-Equity. This puts PetroChina Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.73. PetroChina Co's value of 13.06% is 94.1% above this benchmark. Historically, PetroChina Co's own Return-on-Tangible-Equity has ranged from 0.74 to 12.34 over the past decade. While the company's 10-year median is 6.47 vs. the industry median of 6.73, PetroChina Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PetroChina Co's current Return-on-Tangible-Equity of 13.06% is 94.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on PetroChina Co and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PetroChina Co's current Return-on-Tangible-Equity is 13.06%, which is 102% above median its own 10-year median of 6.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PetroChina Co stock overvalued right now?
Based on GuruFocus' analysis, PetroChina Co (FRA:PC6) is currently considered Fairly Valued. The stock's GF Value™ is €0.91, compared to a current price of €0.96 — trading 5% above its estimated fair value. The current Return-on-Tangible-Equity is 13.06%, which is 102% above median its 10-year median of 6.47 and 94.1% above the Oil & Gas industry median of 6.73. PetroChina Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For PetroChina Co (FRA:PC6), the current Return-on-Tangible-Equity is 13.06% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PetroChina Co (FRA:PC6) Overvalued in 2026?
Based on GuruFocus' analysis, PetroChina Co stock appears to be overvalued.
The current stock price of €0.96 is trading 5% above its estimated GF Value™ of €0.91.
GuruFocus considers PetroChina Co to be Fairly Valued.
Key valuation signals for FRA:PC6:
Return-on-Tangible-Equity: 13.06% (102% above median its 10-year median of 6.47)
GF Value™: €0.91 vs. price of €0.96 (5% above fair value)
Industry Position: 94.1% above the Oil & Gas median (#370 of 944)
No single metric tells the full story. See the FRA:PC6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2025, it produced more than 1.8 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 82%.
74GF Score
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